| Management target | Revenue FY27 |
|---|
| Revenue growth | 6.1% YoY reported; 6.6% constant currency. |
|---|---|
| Margins | EBIT at 14.4%, up 330 bps YoY. |
| Order book | $1.078B deal TCV; third consecutive billion-plus quarter. |
| Demand visibility | Strong order book; optimistic despite macroeconomic volatility. |
| Management confidence | High; confident in meeting targets and beating peer average. |
Growth
Revenue grew 6.1% YoY (6.6% CC). Manufacturing led with 17.2% YoY growth. PAT rose 16.2% YoY to $154M.
Outlook
Targeting 15% operating margin for FY27. Expects growth to outpace peer average in the final transformation year.
Risks
Volatility in US telecom spending, European automotive slowdown in Q2, and upcoming wage hike impacts on margins.
Last quarter's promises, checked
Delivered
- Guided 13.8% Q4 margin → delivered 14.4% Q1 (= BEAT)
- Guided $1.073B deal wins → delivered $1.078B (= BEAT)
- Guided organic CC growth above peer average → delivered 6.6% CC (= BEAT)
Partly delivered
- Targeting 15% EBIT margin for FY27 → delivered 14.4% (= PARTIAL)
Earnings Call Transcript filed with BSE, NSE: TECHM. Summary written with AI assistance from the document.
Tech Mahindra Ltd: key numbers
- Share price
- ₹1,504.50
- Market cap
- ₹1,47,465 Cr
- Revenue (annual)
- ₹56,815 Cr
- Net profit (annual)
- ₹4,811 Cr
- P/E (TTM)
- 28.7×Sector 21.8×
- Promoter holding
- 34.97%+0.00% QoQ
- FII holding
- 18.66%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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